The 10 Coolest Storage Startups Of 2013

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Minneapolis-based Parsec Labs in October came out of stealth mode by unveiling plans to introduce technology early next year that provides storage virtualization for NAS.

The Parsec Labs technology accelerates data access to existing NAS systems while adding compression and deduplication to reduce storage capacity by about 60 percent, the company said. The technology also supports migration of data to the cloud to overcome capacity limitations while providing zero down time during installation and data migration, the company said.

Parsec Labs plans to lease its storage routing solution to businesses to help reduce their capital expenditure while improving the speed at which upgrades and additional services are added.